Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Property Tax Annotations

200.0000 BASE YEAR VALUE TRANSFER

(a) BASE YEAR VALUE TRANSFER – PRINCIPAL RESIDENCE

Annotation 200.0050

200.0050Multiple Owners. A claimant who is otherwise qualified will not be denied the benefits of Revenue and Taxation Code section 69.5 if his/her interest in a replacement dwelling is a co-ownership (either joint tenancy or tenancy in common) whereas his/her interest in the original property was that of a sole owner. Likewise, if multiple owners of a property sell it and buy a replacement dwelling and each owner retains an interest (the section does not require proportional ownership interests), the claimant qualifies. LTA 2/6/2006 (No. 2006/010).